Join Our Team - Job Postings

LOSS SHARE PROJECT MANAGER

Position Summary:
The Loss Share Management Project Manager (PM) will manage the Loss Share Management Team. The PM will oversee a team of Loss Share Workout consultants and the assigned Bank personnel to manage and ultimately dispose of the Bank’s Loss Share Agreement’s loan and OREO portfolios. The PM will report directly to Mr. Gaines Dittrich, the Principal of Enhanced Asset Solutions (EAS) and be accountable to the CEO of the Assuming Bank. The PM will offer timely advice to the Loss Share Management Team, direct the management of the portfolios, assist with the Federal Deposit Insurance Corporation (FDIC) Loss Share Certificate reporting and review the development of liquidation strategies for the assets.

Essential Job Functions:

Manage the Loss Share Management Team consultants and assigned Bank personnel
Oversee the assessment of the Bank’s Loss Share Loan and OREO portfolios and the development of individual workout plans for each asset
Hold Loss Share Management Team members accountable for asset specific workout and sales plans and timetables in which to dispose of assets
Work directly with Assuming Bank management to monitor the liquidation progress and manage to ensure the Case/Action Plans are implemented and that realistic timelines are met
Review monthly activity reports and marketing reports
Review the monthly Foreclosure Reports to anticipate when additional assets will become OREO
Create and prepare various Loss Share Management Team reports for the Bank’s CEO as requested
Oversee the development and implementation of the FDIC Certificate reporting
Manage the process to implement proper training for the Assuming Bank’s personnel in Loss Share Management
Meet with the Assuming Bank’s Management on a weekly basis to update the Loss Share Management status
Other duties as assigned

SINGLE FAMILY RESIDENTIAL LOAN - LOSS SHARE WORKOUT SPECIALIST

Position Summary:
The Loss Share SFR Workout Specialist (LSWS) will manage a portfolio of problem single family residential loans assigned to the Bank’s Loss Share Group. The LSWS will manage, resolve and ultimately collect problem loans in accordance with the Loss Share Agreement and the Federal Deposit Insurance Corporation (FDIC) Residential Loan Modification Program. The LSWS will report directly to the Project Manager (PM) of the Loss Share Group. The LSWS will report to the PM on the status of Action Plan development and execution of the most appropriate recovery strategies, including collection under guarantees, litigation and post charge-off recovery efforts.

Essential Job Functions:

Manage an assigned portfolio of problem single family residential loans included in the Loss Share Agreement schedules
Analyze the assigned loans and develop Action Plans to resolve the delinquency or liquidate the loan in accordance with the FDIC Residential Loan Modification Program
LSWS will be held accountable for asset specific workout Action Plans and timetables in which to resolve and collect the loans
Work directly with legal counsel (internal and external) to monitor the legal progress and developments to ensure actions are taken within appropriate timelines
Develop and prepare various Loss Share Group management reports to assist with monitoring progress on a total volume reduction and individual loan resolution basis
Assist the PM with loan impairment and specific reserve analysis for individual loans and compliance with the Loss Share Agreement
Develop budgets for holding costs for specific assets and prepare Net Present Value (NPV) analysis to determine appropriate disposition method and timeframes
Train Bank personnel in Loss Share procedures and development of Action Plans described above
Assist PM with any other matters that may require LSWS action

COMMERCIAL LOAN - LOSS SHARE WORKOUT SPECIALIST

Position Summary:
The Loss Share Workout Specialist (LSWS) will manage a portfolio of problem commercial loans assigned to the Bank’s Loss Share Group. The LSWS will manage, resolve and ultimately collect problem loans in accordance with the Loss Share Agreement. The LSWS will report directly to the Project Manager (PM) of the Loss Share Group. The LSWS will report to the PM on the status of Action Plan development and execution of the most appropriate recovery strategies, including collection under guarantees, litigation and post charge-off recovery efforts.

Essential Job Functions:

Manage an assigned portfolio of problem commercial loans included in the Loss Share Agreement schedules
Analyze the assigned loans and develop Action Plans to resolve the delinquency or liquidate the loan
LSWS will be held accountable for asset specific workout Action Plans and timetables in which to resolve and collect the loans
Work directly with legal counsel (internal and external) to monitor the legal progress and developments to ensure actions are taken within appropriate timelines
Develop and prepare various Loss Share Group management reports to assist with monitoring progress on a total volume reduction and individual loan resolution basis
Assist the PM with loan impairment and specific reserve analysis for individual loans and compliance with the Loss Share Agreement
Develop budgets for holding costs for specific assets and prepare Net Present Value (NPV) analysis to determine appropriate disposition method and timeframes
Train Bank personnel in Loss Share procedures and development of Action Plans described above
Other duties as assigned

COMMERCIAL LOAN - SPECIAL ASSETS WORKOUT SPECIALIST I

Position Summary:
The Special Assets Workout Specialist I (SAWS) will manage a portfolio of problem commercial loans assigned to the Bank’s Special Assets Group. The SAWS will manage, resolve and ultimately collect problem loans in accordance with the Loss Share Agreement. The SAWS will report directly to the Special Asset Manager (SAM) of the Special Assets Group. The SAWS will report to the SAM on the status of Action Plan development and execution of the most appropriate recovery strategies, including collection under guarantees, litigation and post charge-off recovery efforts.

Essential Job Functions:

Manage an assigned portfolio of problem commercial loans included in the Loss Share Agreement schedules
Analyze the assigned loans and develop Action Plans to resolve the delinquency or liquidate the loan
SAWS will be held accountable for asset specific workout Action Plans and timetables in which to resolve and collect the loans
Work directly with legal counsel (internal and external) to monitor the legal progress and developments to ensure actions are taken within appropriate timelines
Develop and prepare various Special Assets Group management reports to assist with monitoring progress on a total volume reduction and individual loan resolutions
Assist the SAM with loan impairment and specific reserve analysis for individual loans and compliance with the Loss Share Agreement
Develop budgets for holding costs for specific assets and prepare Net Present Value (NPV) analysis to determine appropriate disposition method and timeframes
Train Bank personnel in Special Assets procedures and development of Action Plans described above
Assist SAM with any other matters that may require Special Asset action

Skill Requirements:

Good communication skills
2-5 Years Banking Background
Proficiency in Microsoft Word, Excel, Access, Peachtree Software
Ability to learn bank loan systems